Sounds like you might have been around long enough to be able to provide some real knowledge of the property market .
I did wonder whether ng was a kind of evolution of tax policy that some clever accountant discovered many years ago .
It also makes sense that 50 years ago there were very few property investors ( remember the guarantee of the old age pension ? ) while these days there are many .
If that's the case , then it demonstrates clearly that we are using a really old tax model and just like anything else , it needs to be improved in order to work for today's market .
